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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.2%
- Listing ID: 389046
- Posted On: Jul 25, 2013
- Updated On: Mar 20, 2014
Description
First time on the market! Family-owned and operated 42-lot mobile home park with 35 lots currently rented and NO park owned units. Excellent rental history with some tenants in place for over 30 years. Upside opportunitities for new owners.
Well maintained property featuring underground utilities and paved roads.
Listing requires a signed Non-Disclosure Agreement for more information.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 83.3 % |
| Year Built: | 1978 |
| Size: | 19 acre(s) |
Financial Information
| Gross Income: | $124,320 |
| Operating Expense: | $26,061 |
| Net Operating Income: | $98,259 |
| Expense Ratio: | 21.0 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |